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We have recently seen TNT and 0x breakout for over 100% gains! Now, ZEC is about to break out from the same area. The last time ZEC broke out after Historical Volatility Percentile was so low, we saw a 167% increase!
Historical Volatility Percentile (HVP), was at record lows, and has started expanding. Next, we are looking for volume to spike above the exponential.
Price is looking to close above the red 10SMA and 0.382 Fibonacci. If it does, then I suspect we'll see a quick wick to the 0.618 area, then possible continuation.
If we start closing candles above the red yellow horizontal resistance box and the 10SMA, then I'm going long!
The specific signature I am looking for is: 1) HVP to start to rise (this has commenced, but is coming along slowly); 2) Volume will rise above the moving average, then off to the moon!
Follow this channel for more incredible crypto day trade setups. We have over a 70% win rate on published ideas currently!
***Important Note***
HVP does not imply direction; however, many other alts have shown incredible bullishness after closing above this resistance zone and the 10SMA. Let's get this crypto!
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My Trade Idea:
Entry: 47.46
Entry Zone: 45.48 - 49.12
T1: 50.27
T2: 51.74
T3: 62.40
T4: 72.25
T5: 78.90
T6: 87.43
T7: 102.00
Stop: 40.28
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R:R: 7.6
Risk: 15.13%
Reward: 114.92%
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This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
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